Empowered Funds LLC Purchases 895 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Empowered Funds LLC boosted its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,418 shares of the company’s stock after purchasing an additional 895 shares during the quarter. Empowered Funds LLC owned about 0.06% of Bridgewater Bancshares worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Bridgewater Bancshares by 18.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bridgewater Bancshares during the 3rd quarter worth about $100,000. D.A. Davidson & CO. bought a new stake in Bridgewater Bancshares during the 3rd quarter worth about $183,000. Martingale Asset Management L P bought a new stake in Bridgewater Bancshares during the 3rd quarter worth about $185,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Bridgewater Bancshares in the 3rd quarter valued at about $202,000. 65.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research note on Thursday, January 30th. Piper Sandler lowered their price target on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 31st.

Bridgewater Bancshares Price Performance

NASDAQ BWB opened at $14.09 on Friday. The business has a 50 day simple moving average of $13.90 and a 200 day simple moving average of $14.20. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $388.11 million, a price-to-earnings ratio of 13.67 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. Analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the chief financial officer now owns 98,416 shares of the company’s stock, valued at approximately $1,526,432.16. This represents a 2.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.21% of the stock is currently owned by insiders.

Bridgewater Bancshares Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.